The management of Adani Transmission in an exclusive interview with ET NOW spoke about the strong operational results and the prospects going forward

1. Government will go for privatization of Distribution companies in UTs
2. Will see bidding begin soon for other UTs too
3. Mumbai demand growing at 3%, see further rise in commercial space as Mumbai unlocks
4. Building a HVDC line from north Mumbai, work has commenced
5. Mumbai area growing well, looking to grow at 4-5%
6. Looking to integrate more renewables going forward
7. Seeing robust growth ahead as pipeline is healthy
8. Electricity Amendment act has been a demand of the industry for a long time
9. Privatisation of discoms is something ATL is interested in
10. Act will likely discipline the sector
11. Pipeline is looking very healthy for transmission, larger projects unfolding in renewable space too
12. INVIT is one form of capital management , looking at participation in SPV level

Here are the key highlights from the earnings press release:

1. Transmission system availability at 99.85%
2. Consolidated Operational EBITDA(1) at Rs. 1,107 cr vs. Rs. 1,070 cr in Q1FY21, up 3%
3. Transmission Operational EBITDA(1) at Rs. 701 cr, up 11% with a margin of 93%
4. Distribution Operational EBITDA at Rs. 406 cr

As per the management , “Consolidated operational revenue at Rs. 2,499 increased 18.1% yoy and 9.8% qoq basis due to double-digit growth in transmission revenue and supported by recovery in Distribution business revenue led by rebound in power demand in Mumbai.”

As per the management , “Transmission business delivered strong operational revenue of Rs. 757 cr delivering a growth of 11.4% yoy and operational EBITDA of Rs. 701 cr, up 11.3% yoy in Q1FY22 translating into strong margin of 93% driven by newly operational elements of lines and acquisition of Alipurduar asset.”